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Italy - Factors to watch on April 7
Italy - Factors to watch on April 7
About this update from Snam S.p.a.
The following factors could affect Italian markets on Tuesday.Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).For a complete list of diary events in Italy please click on .POLITICSItalian Prime Minister Giorgia Meloni flew to Saudi Arabia on Friday for a previously unannounced trip that also included meetings in Qatar and the United Arab Emirates, a government official said on Friday.Italy confirmed the intention of its majors - including energy giant Eni MIL:ENI - to keep investing in the Gulf.Italy's culture undersecretary Gianmarco Mazzi was sworn in on Friday as the country's new tourism minister, the latest change in Prime Minister Giorgia Meloni's government after her defeat in a referendum on judicial reform.ECONOMYThe Italian economy will grow by 0.6% this year and 0.5% in 2027, the country's central bank said in a report on Friday, cutting its previous estimates while also hiking forecasts for the inflation rate.The European Union will inevitably consider easing its budget deficit rules if the U.S.-Israeli war against Iran continues to drive up energy costs for families and businesses, Italy's economy minister said on Friday.Italy posted a budget deficit of 3.1% of gross domestic product last year, national statistics bureau ISTAT reported on Friday, confirming previous data issued last month.Publication of S&P Global's Italian March purchasing managers index (PMI) for the service sector (0745 GMT)DEBTTreasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on April 9.ENERGYENI MIL:ENI, ENEL MIL:ENELFive European Union countries are calling for a windfall tax on energy companies' profits in reaction to rising fuel prices due to the Iran war, according to a letter from finance ministers to the EU Commission seen by Reuters on Saturday.Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture between QatarEnergy and Exxon Mobil NYSE:XOM, from June, two sources familiar with the matter told Reuters on Thursday.COMPANIESMONTE DEI PASCHI MIL:BMPS, ACEA MIL:ACELeading proxy adviser Glass Lewis on Friday urged shareholders in Monte dei Paschi di Siena to back a slate of board candidates proposing to name Fabrizio Palermo, the current CEO of utility Acea, as chief executive on April 15.(*) In ...